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Commodity Futures - Corn

  CORN FUTURES CONTRACT
Contract code EMA
Unit of trading Fifty tonnes
Pricing unit/quotation (= price basis) Euro and euro cents per tonne
Origins tenderable European Union
Quality Yellow and/or red corn, of sound, fair and merchantable quality of the following standard:
- Moisture basis 15%, maximum 15.5%
- Broken grain basis 4%, maximum 10%
full specs refer to technical specs
- Sprouted grain basis 2.5%, maximum 6%
- Grain admixture basis 4%, maximum 5%
- Other impurities basis 1%, maximum 3% 
Minimum price movement (tick size and value) 25 euro cents per tonne (€12.50)
Delivery months January, March, June, August and November such that ten delivery months are available for trading.
Introduction of new expiry months First trading day following the last trading day.
Wholesale services Against Actuals, Exchange for Swaps
Euronext market Paris
Last trading day 18:30 on the fifth calendar day of the delivery month (if not a business day, then the following business day.
Settlement (Delivery) in an approved silo in Bayonne (silo Maisica), Blaye (silo Semabla), Bordeaux (silos d’Aquitaine Invivo, Splb/Sobtran), La Rochelle Pallice (silos Sica Atlantique, Socomac), Nantes (silo Sonastock).
Delivery period Any business day from the last trading day to the end of the specified delivery month.
Exchange Delivery Settlement Price (EDSP) (methodo price) EDSP as a physically delivered contract (please refer to the technical specifications)
Clearing organization LCH SA
Delivery limits Delivery limits are set by LCH SA and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH S.A. notices on the website.
Trading hours 10:45 – 18:30 CET
Trading platform Universal Trading Platform
Algorithm Central order book applies a price-time trading algorithm, with priority given to the first order at the best price.
Last update 28 May 2019

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